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The negative impact of the Nasdaq crash continues to ferment, and the technology stocks that once made investors worship have become worthless waste paper seemingly overnight, and large sums of shares have been sold off.

Just as fund managers are speculating about when the stock market will bottom, e-commerce pioneer Amazon is experiencing its biggest crisis since the company's inception, since the Nasdaq stock market crashed, Jeff? Bezos received more and more phone calls, all warning the other party: It's time for Amazon to come up with a profitable plan!

Since its inception, Jeff? Bezos's aggressive strategy of "fast fish eat slow fish" was implemented very smoothly, and in 1999, when the Internet was at its hottest, Amazon alone acquired or invested in 14 companies. However, the expansion of Amazon's business has not been able to stop its loss-making trend, and in the face of nervous investors and the changing Nasdaq market, the market has not left much room for the online retail star "Amazon Inc."

Jiang Fengnian, chairman of Sina.com, jokingly called Amazon "the most successful money-losing company ever." If it had been a year or even half a year ago, Jeff? Bezos can tell a beautiful and dreamy story to Amazon's investors with such achievements!

However, now that the wind on Wall Street has changed, they no longer care about topics such as "how did the Internet companies do in the last quarter" and "how much they have grown", they have instead asked about "profit margins", they care about "return on investment", and they hate "big projects" that cannot be profitable in the short term!

And Amazon's M&A investment, logistics operation center and other projects since last year have made Amazon's financial report extremely ugly, Jeff? Bezos is under tremendous pressure, and Wall Street analysts have even aggressively predicted that dozens of tech companies, including Amazon, will be in operational trouble within a year. Bezos immediately stopped investing meaninglessly.

Given the huge demand for the shareholder meeting, Jeff, who had planned to make a difference in the European market this year? Bezos had to cater to the "strong demand" of shareholders and suspended the recruitment plan of the European and American branches. In the meantime, hire Joseph? Gary implements a "slimming plan" for Amazon, laying off employees and reducing budgets...... Even two of the eight U.S. operation centers were stopped.

The layoffs caused by Amazon have added a solemn atmosphere to the originally depressed Internet industry!

Just after Amazon's stock price fell to $55. Compared with the peak of the stock at the end of last year, when the market value was almost cut by more than half, Chenxing Network, 8848 and Ctrip.com, as Chinese companies listed in the United States, had no reason to be particularly favored by investors.

The stock price of 8848 has fallen from a high of $89 to $43, Ctrip has fluctuated around $25, and Chenxing Network has fallen from around $45 all the way to below $2O.

As the head of Chenxing Network. After the acquisition of 163T, Yao Hua was very relaxed and confident.

After the end of the Hong Kong managers' meeting, he asked Li Mingren, the operating officer, to go back to preside over the overall situation, and then took Xu Xiaoying and several other senior executives to Pengcheng, which is only a line away from Hong Kong, and visited the 163T office under the guidance of Zhang Jingjun, and had a conversation with Li Weibin, the person in charge of the company. After the visit, Yao Hua signed the acquisition agreement on behalf of Chenxing Network and Feihua. The first shot of the Chen Galaxy's outward capital expansion was fired!

On May 7, 2ooo, Chenxing Network officially acquired all the assets and intangible brands of 163T from Feihua Company for 30 million yuan in cash. After the signing of the agreement, the company will no longer be a subsidiary of financial personnel accounting, but will become a new business unit of Chenxing Network: the portal business department.

There are not many people in the company. Except for some employees and executives who are locals who are reluctant to leave their hometowns and go to Dongou Island, most of them are obviously happy to see the annexation of 163T by Chenxing Network, so they all agree to work in Dongou City.

After Chenxing Network acquired 163T, the biggest change was the launch of a new domain name: QQ. After the user types in the old domain name, it will be automatically transferred to the new site. This domain name was once in the hands of others, and it was purchased from foreigners by Song Chen in the second half of 98 years by using someone else's identity to transfer two procedures at a price of more than 100,000 US dollars!

If the owner of the domain name knew that the acquirer was Song Chen, I am afraid it would not be a matter that could be solved by more than 100,000 US dollars!

The QQ portal, which is based on 163T, has caused an uproar in the industry since its establishment. The original portal pattern was broken in an instant, and the launch of the new domain name of Chenxing Network made the industry once again confirm that Song Chen had indeed premeditated, and Zhang Chaoyang was worried and helpless about it.

To the shock of the media, Chenxing Network was obviously not only satisfied with the acquisition of 163T, Yao Hua, who returned to Donou, had an in-depth meeting with Song Chen, and then went on a business trip again within two days, and this time the destination was the United States!

Thinking that QQ is a global software, the new portal will inevitably launch an international version of the website for global users, so Yao Hua's next action is about to come out.

If you say, after Chenxing Network annexed 163T, Sohu, Sina, NetEase, and China.com's four major portals in China are anxious and hateful! Then, Yahoo, with Yang Zhiyuan, is angry at Chenxing Network's infringement of Yahoo's core business.

It is true that Song Chen and Yang Zhiyuan had a verbal "gentleman's agreement" at the beginning, goog1e will not get involved in the construction of portal content, obviously Yahoo forgot about this, or rather, Yang Zhiyuan deliberately ignored this, he finally found a reason to persuade himself to reject Song Chen's "Chinese dream", and at the same time provided an excellent reason for the "anti-star camp" of Yahoo's board of directors!

On May 12, Yahoo CEO Tim? Coogle, CEO of Public Relations Zhiyuan Yang, President of Technology David? Ferro to meet Eric? Schmidt and Andrew? The two Freeman officially decided to sell all the shares of Chenxing Network and Goog1E, as well as the remaining shares of Alibaba. According to the requirements of the agreement, if Yahoo wants to sell the shares of Chenxing's subsidiary, Chenxing has the right of first refusal.

"Before selling the shares of the three companies, we would like to discuss with Mr. Schmidt whether it is possible to end Yahoo's service agreement with goog1e early." Tim? Kugel asked very cautiously.

Eric? Schmidt and Andrew? Freeman shook his head at the same time: "I hope that Yahoo will respect the rigor of the commercial agreement, and the liquidated damages are very large, even if Yahoo has the spare power to pay, I am afraid it will lose a lot!" Our company has had a great time working with Yahoo, and we are very sorry for the decision you made! ”

Yang Zhiyuan said unrelentingly: "If you agree, we are willing to pay 50 million US dollars in liquidated damages!" ”

As high as one billion in liquidated damages, Yang Zhiyuan is only willing to pay 50 million US dollars, which is too naïve! From this point of view, Song Chen's move with Yahoo is indeed an unguardable pit, not only Yahoo, even if the entire industry has not thought about Song Chen's intentions.

After nearly two years, Yahoo woke up, but it was too late!

Maybe it's not too late, the key is whether Yahoo has the patience to use the last three years of the agreement to develop a powerful search engine! After the end of the three-year agreement, relying on Yahoo's huge traffic, it can still threaten goog1e, but looking at Yahoo's impatience, it is obvious that it has not yet realized this!

Yahoo's short-sightedness is evident!

Eric? Schmidt shook his head quietly and sighed regretfully: "I'm very sorry Mr. Yang! ”

Yang Zhiyuan's face suddenly became gloomy.

Tim? Seeing this, Kugel had to speak up: "According to the requirements of the agreement, Chenxing Company is willing to repurchase shares?" ”

"Not bad!" Eric? Schmidt nodded cautiously, "Mr. Song and China Chenxing Group have authorized me to take the necessary measures to acquire the shares of Chenxing from Yahoo, and we are willing to pay a certain percentage of the market price to your company!" ”

If the liquidated damages are a big hole dug by Song Chen for Yahoo, then the so-called "market price buyback" completely cuts off the possibility of Yahoo sitting on the ground and starting the price, and the powerful Yahoo is played around by a person who has not studied in college, which is really appalling to say!

Cheeks twitched slightly, Tim? Kugelpi said with a smile: "That's very good, then before the two companies formally negotiate, I think we need to reach a consensus on the asset evaluation and other details!" ”

"So, let's get started right away!"

Andrew? Freeman smiled.

……

Yang Zhiyuan finally chose to go against Song Chen, and when the news reached China, Song Chen felt very sad and regretful. But in the end, he didn't say anything, just explained the follow-up arrangements for a few things in an email and left the matter behind.

At this time, he was in Qiantang City, accompanied by the mayor of Qiantang Wang Baoyang and his secretary, and once again visited the Baidu Shujù Center and the address of Chenxing's headquarters, which are separated by only one canal.

Under Zhai Yan's strong demand, the Qiantang government had to make a compromise in order to attract more than one billion yuan of direct investment from Chenxing Group, and the planned land for Chenxing headquarters and Baidu Digital Jù Center was 4oo acres and 195 acres respectively!

In fact, with so much land, the two major projects will definitely not be used up, and the reason why so much land is taken is nothing more than taking advantage of the government's eagerness to attract investment! (To be continued......)